Stock Market News

Credit Suisse executives reassure investors after CDS spike-FT

2022.10.02 14:56

[ad_1]


Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on Sunday.

A spokesman for Credit Suisse declined to comment on the report when contacted by Reuters.

Executives made the calls after spreads Credit Suisse credit default swaps (CDS), which offer protection against a company defaulting, rose sharply on Friday in an indication of investor concerns, the newspaper said.

Credit Suisse five-year credit default swaps (CDS) jumped 6 basis point to close to 247 bps on Friday, the highest level in at least 10 years, S&P Global (NYSE:) Market Intelligence data showed.

Credit Suisse CDS began the year at 57 bps.

The Financial Times said that a Credit Suisse executive denied reports that the bank had formally approached investors about potentially raising more capital, insisting that it was trying to avoid such a move with its share price at record lows and higher borrowing costs due to rating downgrades.

The Swiss bank’s chief executive Ulrich Koerner told staff in a memo seen by Reuters on Friday that it has solid capital and liquidity.

The bank also said last month it was pressing ahead with a review that includes potential divestitures and asset sales.

[ad_2]

Source link

Credit Suisse executives reassure investors after CDS spike-FT

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 82,130.00 2.20%
ethereum
Ethereum (ETH) $ 1,912.28 1.26%
tether
Tether (USDT) $ 0.999963 0.02%
xrp
XRP (XRP) $ 2.26 3.60%
bnb
BNB (BNB) $ 628.79 0.82%
solana
Solana (SOL) $ 124.75 2.88%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.694158 3.53%
dogecoin
Dogecoin (DOGE) $ 0.16656 4.15%
tron
TRON (TRX) $ 0.234391 6.59%
staked-ether
Lido Staked Ether (STETH) $ 1,911.05 1.40%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 81,990.97 2.10%
leo-token
LEO Token (LEO) $ 9.74 0.34%
the-open-network
Toncoin (TON) $ 3.55 2.40%
chainlink
Chainlink (LINK) $ 13.66 3.12%
usds
USDS (USDS) $ 1.00 0.00%
stellar
Stellar (XLM) $ 0.269292 1.77%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,284.53 1.74%
hedera-hashgraph
Hedera (HBAR) $ 0.184999 3.55%
pi-network
Pi Network (PI) $ 1.12 16.88%
avalanche-2
Avalanche (AVAX) $ 18.55 1.11%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 4.22%
sui
Sui (SUI) $ 2.27 3.06%
mantra-dao
MANTRA (OM) $ 6.92 0.92%
polkadot
Polkadot (DOT) $ 4.41 0.19%
litecoin
Litecoin (LTC) $ 88.33 4.79%
bitcoin-cash
Bitcoin Cash (BCH) $ 333.52 1.20%
bitget-token
Bitget Token (BGB) $ 4.62 4.14%
ethena-usde
Ethena USDe (USDE) $ 0.999911 0.02%
weth
WETH (WETH) $ 1,913.27 1.35%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999808 0.01%
hyperliquid
Hyperliquid (HYPE) $ 13.56 1.81%
whitebit
WhiteBIT Coin (WBT) $ 28.13 1.19%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,030.88 1.31%
monero
Monero (XMR) $ 207.89 1.46%
uniswap
Uniswap (UNI) $ 6.33 0.04%
susds
sUSDS (SUSDS) $ 1.04 0.06%
aptos
Aptos (APT) $ 5.30 1.18%
dai
Dai (DAI) $ 0.999996 0.02%
okb
OKB (OKB) $ 50.71 0.14%
near
NEAR Protocol (NEAR) $ 2.53 3.94%
pepe
Pepe (PEPE) $ 0.000007 6.26%
internet-computer
Internet Computer (ICP) $ 5.74 4.58%
mantle
Mantle (MNT) $ 0.805969 1.35%
gatechain-token
Gate (GT) $ 21.80 0.79%
ethereum-classic
Ethereum Classic (ETC) $ 17.52 2.77%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.86 2.07%
ondo-finance
Ondo (ONDO) $ 0.825025 4.50%
aave
Aave (AAVE) $ 169.55 3.40%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,129.00 2.24%